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Technology Stocks : FORE Inc. -- Ignore unavailable to you. Want to Upgrade?


To: clark readler who wrote (7254)1/22/1998 6:01:00 PM
From: Igor Nasonov  Read Replies (1) | Respond to of 12559
 
<Apparently, the street expected FORE to beat it by 3 or 4>

Clark -

I'm holding this stock longer than 1 year. Please believe me
in this specific competitive business doing 1 penny above (which
is 10% !!! above) two sequential quarters means a lot. Actually
FORE never failed expectations since March 1996 (when there was
one time charge...).

The problem here is a competition among Portfolio Managers (looks
like it's a testing of BearMarket situation - folks fighting for
super-short term gains in both directions).

I penny for FORE is OK, imagine MSFT producing 9 pennies instead
of 3 (10% above expectations)...

I don't believe in miracles, but maybe it's time for a one.
Only something very extraordinary will bring this stock back to
levels where other networking companies really perform.

Until then it will be everyday SUPE DU JOUR of daytraders.

Good Trading, Igor